Investment

regional mall fundamentals receive high marks

Canadian Property Management

Regional mall fundamentals receive high marks

New analysis projects "significant opportunity for growth" drawing on the surging Canadian population, urban densification trends and minimal new competition for incumbent regional malls.
GTA multifamily deals sag to single digits in Q3

Canadian Apartment Magazine

GTA multifamily deals sag to single digits in Q3

Summer saw a dearth of multifamily transactions, as Colliers Canada reports just eight deals in the Greater Toronto Area during the third quarter of 2023.
Andrew Petrozzi to lead Newmark Canada research

Canadian Property Management

Andrew Petrozzi to lead Newmark Canada research

Andrew Petrozzi has joined Newmark Group as the commercial real estate advisory firm's head of research in Canada.
Distressed asset sales remain a steady fraction

Canadian Property Management

Distressed asset sales remain a steady fraction

Distressed asset sales were a nominal and relatively consistent fraction of the Canadian commercial investment property market in the first half of 2023.
Office receivership sale touts conversion potential

Canadian Apartment Magazine

Office receivership sale touts conversion potential

Sales agents for Compass Place, a distressed 10-storey office tower in downtown Edmonton, are promoting its potential for conversion to multifamily rental.
Toronto data centres dealt to Japanese telco

Canadian Property Management

Toronto data centres dealt to Japanese telco

Allied Properties REIT has completed the $1.35-billion sale of its Toronto data centre portfolio to the Japanese telecommunications company, KDDI Corporation.
Delinquent loans mount on U.S. office assets

REMI Network

Delinquent loans mount on U.S. office assets

DBRS Morningstar’s recently released status report on commercial mortgage-backed securities counts July as the fourth consecutive month with rising delinquency rates.
Hotel investment volume enjoys COVID recovery

Canadian Property Management

Hotel investment volume enjoys COVID recovery

Canadian hotel sales value, occupancy rates and revenue per available room (RevPAR) for the first half of 2023 surpassed pre-pandemic performance in the comparable period of 2019.
Canada shares real estate's global value dip

Canadian Property Management

Canada shares in real estate’s global value dip

The global value of professionally managed real estate fell by 4.1 per cent last year relative to 2021, representing a USD $600 billion year-over-year drop.
Quebec home inspectors get standardized rules

CondoBusiness

Quebec home inspectors get standardized rules

Quebec is introducing standardized certification and skills upgrading requirements for home inspectors who conduct assessments related to sales transactions.
Brokerage to end dual listing on TSX and NASDAQ

CondoBusiness

Brokerage to end dual listing on TSX and NASDAQ

The Real Brokerage Inc. cites “minimal trading volume” in return for duplicate administrative expenses in the decision to voluntarily delist from the TSX.
InnVest Hotels executes two summertime deals

Canadian Facility Management & Design

InnVest Hotels executes two summertime deals

The sale of the Ottawa Marriott Hotel follows InnVest's recent acquisition of the historic St. Andrews-by-the-Sea resort in New Brunswick.
Oxford expands C-suite and executive committee

Canadian Property Management

Oxford expands C-Suite and executive committee

Oxford Properties has named two new C-suite appointees, including its first-ever Chief Investment Officer, and five new executive committee members.
NYX Capital sells self-storage portfolio

Canadian Property Management

NYX Capital sells self-storage portfolio

The vendor garners $310 million through the sell-off of 7,500 existing rentable storage units and properties where a further 3,000 units are set for development.
Conestoga Mall to pad Primaris REIT portfolio

Canadian Property Management

Conestoga Mall to pad Primaris REIT portfolio

Primaris Real Estate Investment Trust has inked a $270-million deal for Conestoga Mall, a 585,000-square-foot enclosed shopping centre in Waterloo, Ontario.
Ontario Teachers to realign real estate oversight

Canadian Property Management

Ontario Teachers to realign real estate oversight

The Ontario Teachers’ Pension Plan will bring its global real estate investment team in-house, while Cadillac Fairview Corporation manages its Canadian portfolio with a new president and CEO at the helm.
USGBC bell-ringers signal green capital momentum

REMI Network

USGBC bell-ringers signal green capital momentum

The New York Stock Exchange recognized three decades of green building momentum across the United States and its capital markets as the U.S. Green Building Council opened the day’s trading on June 8.